23-04-2021, 19:37
(This post was last modified: 23-04-2021, 19:44 by theo_luddite.)
Lol - Cummings and goings accuses Bodgit of lying. 
https://www.theguardian.com/politics/202...is-johnson
Comedy gold.
He also ensured his R&D team didn't have to pay any UK Tax if they were here for longer than 90 days.
By the way - R&D tax relief covers a lot more than just your R&D team time/wages and any obvious/invoiced equipment/hardware costs. It also covers meetings with management & the Board up to MD (as examples) as they are expected to be briefed on a regular basis. An hour of their time can be costed at a week to a month and the rest of an R&D bods time in the blink of an eye. Just saying.
https://www.theguardian.com/politics/202...is-johnson
Comedy gold.
(22-04-2021, 22:06)ritchiebaby Wrote: theo - the UK didn't need/want his ventilators, so his sales seem to be ZERO. But wait, is it not the case that Research and Development Expenditure attracts 100% tax relief, so expenditure totals, say, £20M? Net loss therefore of £20M, which can be deducted from one of his other businesses' profits, so it's not exactly the magnanimous gesture he is making it out to be.
He also ensured his R&D team didn't have to pay any UK Tax if they were here for longer than 90 days.
By the way - R&D tax relief covers a lot more than just your R&D team time/wages and any obvious/invoiced equipment/hardware costs. It also covers meetings with management & the Board up to MD (as examples) as they are expected to be briefed on a regular basis. An hour of their time can be costed at a week to a month and the rest of an R&D bods time in the blink of an eye. Just saying.
A guide to cask ale.
![[Image: aO7W3pZ.png]](https://i.imgur.com/aO7W3pZ.png)
“In the best pubs, you can spend entire afternoons deep in refreshment without a care in the world.”
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